Karl-Gerhard Eick

Karl-Gerhard Eick (born February 14, 1954 in Ulm ) is a German manager and was CEO of the Arcandor Group from March 1, 2009 to September 1, 2009 .

From January 2000, Eick headed the Finance and Controlling department at Deutsche Telekom AG . Eick replaced Joachim Kröske , who had not extended his contract with Telekom, which ran until the end of March 2000. At the end of 1998 Eick moved from the Stuttgart pharmaceuticals dealer Gehe AG to its Duisburg parent company Haniel & Cie GmbH . As CFO, he had a decisive influence on the takeover of British pharmaceutical wholesalers in Stuttgart. In November 2002 he became Deputy Chairman of the Board of Management of Deutsche Telekom AG.

Life

Karl-Gerhard Eick studied business administration in Augsburg and received his doctorate in 1982. Between 1982 and 1988 he held various positions at BMW AG in Munich, most recently as Head of Controlling. From 1989 to 1991 he was division manager for controlling at WMF AG in Geislingen and from 1991 to 1993 head of the central division controlling, planning and IT at the Carl Zeiss Group in Oberkochen. Between 1993 and 1998 he worked as CFO at Gehe AG in Stuttgart and from 1998 to 1999 as director for controlling, business administration and IT at Franz Haniel & Cie. GmbH in Duisburg. From 2000 to February 2009 he was Chief Financial Officer at Deutsche Telekom AG in Bonn.

In March 2009 Eick took over the post of CEO of Arcandor AG in order to lead the retail and tourism group out of the crisis and to avert the impending insolvency. But he could no longer avert the impending bankruptcy. After the opening of insolvency proceedings, Eick and five other board members resigned from their posts on September 1, 2009. Eick came under fire in public and among employees when it became known that he would receive a severance payment of 15 million euros. These were guaranteed to him by the shareholders of Arcandor's major shareholder Sal. Oppenheim before he took office as CEO . In response to this criticism, Eick showed understanding and wanted a third of his controversial salary claims to benefit the Arcandor employees in the form of a hardship fund . It was later announced that Eick reduced the amount to 2.5 million euros, as he received his outstanding salary claims in the form of a monthly allowance and had no major advance payment or the communicated severance payment to expect.